The S&P 500 closed down 0.3% on Friday, marking a pause in its rally, but it still achieved back-to-back weekly gains. Over the week, the S&P 500 rose approximately 1.7%, while the Nasdaq increased by around 1.7% and the Dow Jones climbed 2.2%. This performance signifies the best start for U.S. stocks under a new president since Ronald Reagan in 1985, with the S&P 500 reaching its first record close of 2025. Despite the positive weekly results, the market faced a pullback due to mixed economic data and earnings reports, particularly affecting the tech sector, which was led by major companies like Nvidia.